The National University of Singapore, Northern Trust and UOB have collaborated on the launch of a first-in-market initiative aimed at tokenising green bond credentials. NUS is the first university in Singapore to implement blockchain technology for ESG reporting. The tokenisation process will focus on ensuring data integrity, providing investors with confidence that the environmental impact…
Category: Alts
Fondaco deploys Canoe solutions
Canoe Intelligence, a platform for “smarter alts management”, has a new client engagement with Fondaco, an independent Italian asset management company with offices in Turin and Luxembourg. Fondaco has implemented Canoe Connect to automate its alternative investment document collection workflow into a centralised location and Canoe Intelligence to systematise its valuation and transaction data extraction…
Clearwater and Enfusion to merge
Clearwater Analytics and Enfusion have entered into a definitive merger agreement for Clearwater to acquire Enfusion, a provider of SaaS solutions for the investment management and hedge fund industry. The purchase price is USD11.25 per share, delivered in an approximately equal mix of cash and stock. Additionally, Clearwater will pay USD30m to terminate Enfusion’s tax…
SC hires top SGSS manager
Laurent Marochini has been appointed as CEO of Standard Chartered’s new entity in Luxembourg, which will act as its EU entry point for the provision of crypto and digital asset custody services to EU clients, following implementation of MiCA regulation. Marochini joins from Société Générale where his last held position was head of innovation.
NT hires for Guernsey
Northern Trust has appointed Nick Leale as MD for its banking operations in Guernsey. He was previously an independent consultant.
Ocorian hires for Dallas
Ocorian, a C.I.-based provider of asset servicing for private markets and corporate and fiduciary administration, has hired Lynne Westbrook as head of fund services in Dallas. Prior to joining Ocorian she was a director in private markets at Aztec.
SEI launches AIFM services in Lux
SEI has launched depositary services for Luxembourg alternative investment funds. SEI provides depositary services to more than 430 funds from other fund centres. SEI claims to be the largest fund administrator for private market funds in Luxembourg that are managed by a U.S. firm, and the largest private credit fund administrator by assets globally.
Coller appoints RE for new fund
Coller Capital, an investor in the secondary market for private assets, has selected Equity Trustees to be the responsible entity (trustee) of its new fund, the Coller Private Equity Secondaries Fund. The fund is an Australian managed investment scheme available to both qualified retail and wholesale investors.
RBS hires depositary chief
Michael Mekhaeel has joined RBS International as head of depositary services, based in Luxembourg. He was previously at Gen II after spending 17 years at BBH.
Allvue acquires PFA
Allvue Systems, LLC, a fintech provider of alternative investment solutions, has acquired PFA Solutions LLC, a provider of compensation and carried interest software solutions for firms across private equity, private debt and venture capital.